Egypt’s Pharmacy Marts secures bridge round from Acasia Ventures

Acasia Ventures invests in Pharmacy Marts, a Cairo-based digital marketplace, in a six-figure bridge round.

Pharmacy Marts aims to modernize Egypt's pharmaceutical supply chain, reducing delays in medication delivery caused by manual processes and fragmented connections.

Founded in January 2021, Pharmacy Marts allows pharmacists to search, order, and receive products within 24 hours. It also offers financing options to address pharmacists' challenges in securing suitable terms.

Currently covering 12,000 pharmacies, Pharmacy Marts has attracted investments totaling $2 million from local, regional, and global VCs.

CEO Ahmed Kadous highlights the impact of unreliable medication distribution in Egypt and expresses excitement about Acasia Ventures' support for their expansion plans.

With a strong team and innovative solutions, Pharmacy Marts aims to continue its growth and alleviate challenges for pharmacies and patients.